Page 11 - Austerity Plan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

There is a lot of good stuff happening in the u.s. it could all be taken down by europe. europe right now, we're back from the brink a little bit. you had the italian government today pass a austerity plan saying we're going to spend less money in our debt. therefore, it should be less risky to people. so the yields go down. >> bond yields. >> that's positive. the international monetary fund put together something like 200 billion euro rescue fund that should come on line around december 19th. it's not big enough to save everybody if they should collapse. but it's a decent size. that helps sen...

>> my name is marco tempest. i'm a cyber illusionist which means i combine magic and science to create illusions. it's deception, it's science, technology, gadgets. calling myself a magician evokes a certain image like if we hear magician we immediately know what that is. it's a guy who does a magic trick. a cyber illusionist requires explanation. a conversation starter. that is what my work is all about. >> reporter: magic as old as time and throughout history it's been celebrated and feared. but now this age-old art form is being reimagined by tempest and he's taking it to another ...

cleared out the protesters' personal belongings. 17 people were arrested there. and in a few moments, i'll have a report on where the money comes from to finance the occupy wall street movement. president barack obama is in full asia pacific mode today in hawaii. he's hosting the annual apec summit and hoping to re-energize u.s.-based business in that region. the president told ceos that americans need to stay to use his word hungry in attracting new investment from overseas. it is important to remember that the united states is still the largest recipient of foreign investment...

and penn state's president, graham spannier, released a statement reading in part -- the allegations about a former coach are troubling and it is appropriate that they be investigated thoroughly. protecting children requires the utmost vigilance. tim curley, and gary schultz operate at the highest levels of honesty, integrity and compassion. i am confident the record will show that these charges are groundless and that they conducted themselves professionally and appropriately. penn state's legendary head football coach, joe petrir pate not facing any charges. he did alert tim curley...

Reached. >> unfortunately, they are taking welcome and important steps toward resolving that conclusively. >> but some u.s. analysts remain skeptical. >> i think that you are going to start to get a realization in the coming weeks that this was "a," short on details. "b," you have to ecb be more involved. >> ecb is european central bank. european leaders may have a deal but protests erupted in italy and greece over the austerity plan needed to cut spending. >> this would probably lead to slow economic growth in europe. so any kind of missteps could cause that region to slip in to recession. >>...